Domestic transfer pricing

This query is : Resolved

Girish Limbachiya (Querist)
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13 November 2013 We have transaction between two company for sales-purchase. One pvt. Limited company sales finished goods to another partnership firm for more than Rs.5 crore during the years . Partners and Directors are common in both the firm.

Our tax experts is advising that Report for domestic transfer pricing i.e 3CEB is applicable in both the firm and our auditors is advising that 3CEB is applicable for firm in which goods has been purchase . It is not applicable for sales transaction.

Please advice because we have to file our reruns for both the companies before 30th November 2013